News coverage about Flextronics International (NASDAQ:FLEX) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flextronics International earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.1861291975137 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

FLEX has been the subject of a number of analyst reports. ValuEngine upgraded Flextronics International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Flextronics International in a research report on Friday, September 1st. Zacks Investment Research upgraded Flextronics International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus upped their price objective on Flextronics International from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Citigroup upped their price objective on Flextronics International from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.53.

Shares of Flextronics International (FLEX) traded up $0.08 during trading on Tuesday, hitting $18.15. The stock had a trading volume of 2,440,892 shares, compared to its average volume of 3,486,818. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 1.23. The firm has a market capitalization of $9,427.93, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. Flextronics International has a twelve month low of $14.22 and a twelve month high of $19.11.

Flextronics International (NASDAQ:FLEX) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.09 billion. Flextronics International had a return on equity of 22.71% and a net margin of 2.25%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. equities research analysts expect that Flextronics International will post 1.09 EPS for the current year.

Flextronics International announced that its Board of Directors has authorized a stock buyback plan on Friday, August 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 65% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP David Scott Offer sold 45,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $17.71, for a total transaction of $796,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Watkins sold 9,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $17.73, for a total value of $159,570.00. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.

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Flextronics International Company Profile

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

Insider Buying and Selling by Quarter for Flextronics International (NASDAQ:FLEX)

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